J.K. Lasser's Small Business Taxes 2015: Your Complete Guide to a Better Bottom Line

CHAPTER 22 Miscellaneous Business Deductions

1. Other Business Expenses in General
2. Job-Seeking Expenses
3. Moving Expenses
4. Educational Expenses
5. Charitable Contributions Made by Your Business
6. Licenses and Permits
7. Dues and Subscriptions
8. Legal and Professional Fees
9. Bank and Merchant Fees
10. Supplies, Materials, and Office Expenses
11. Uniforms and Clothing
12. Insurance
13. Commissions
14. Outsourced Workers
15. Payments to Directors and Independent Contractors
16. Penalties, Fines, and Damages
17. Meal Costs for Day-Care Providers
18. Expenses of Disabled Persons
19. The Dividends-Received Deduction
20. Other Expenses

 

Alert

At the time this book was printed, Congress had not extended numerous breaks for 2014 that had expired at the end of 2013. Check the online supplement in February 2015 at www.jklasser.com or www.barbaraweltman.com to see whether these breaks apply for 2014 returns.

Some miscellaneous business items defy classification. They do necessarily fall into categories for which there is a line on the tax return. Still, you may be able to deduct them.

Some of the deductions in this chapter apply only to individuals; others apply only to corporations. Review all of the categories to see which deductions may apply to you. Checklists of deductible and nondeductible expenses are found in (see Table 22.3, page 478).

For more information on other business expenses, see IRS Publication 535, Business Expenses.

Other Business Expenses in General

You generally can deduct any business expense if it is considered ordinary ...